Specific ways to give

Memorials and tributes - Create a lasting remembrance of a loved one or honor a person or event.

Matching gift program - Check with the human resources department at your workplace to see if your employer matches contributions.

Telefundraising - Occasionally, the New Ulm Medical Center Foundation reaches out to those who are familiar with the hospital by phone to raise funds for important projects. The callers have no medical history or other confidential information about you.

Planned gifts

You want your gift to make a difference, but are concerned about your own future financial needs and those of your family. Planned giving provides a way to support the hospital right now without sacrificing your ability to meet current and future financial obligations. Planned gifts fall into three general categories:

Outright gifts – Make an immediate difference! You can meet some of our most pressing needs by donating cash. Plus:

It's easy to set up

You potentially receive the maximum tax deduction

You will see the immediate effects of your generosity

Create a legacy with your will. A donation in your will or living trust, called a bequest, allows you to support our work without parting with assets today. Some advantages include:

Simple to set up

Can be changed at any time

Could provide estate tax relief

Charitable Gift Annuity (CGA) – Enjoy a lifetime of payments while supporting us. When you set up a CGA with us, we make fixed annual payments to you, or someone you name, for life. Payments are based on your age on the date of the gift. After your lifetime, the remaining balance of your gift supports our mission. Some advantages to a CGA include:

Charitable gift annuity example: Mary, 76, established a $100,000 charitable gift annuity. Based on her age, she was able to receive an annuity rate of 6.0%. This means that we will pay her $6,000 each year for the remainder of her life, of which $472 (for 11.8 years) is tax-free to her throughout her life expectancy. She'll also receive a charitable deduction of $44,274 if she itemizes on her income taxes (assumes annual payments and a 1.8% charitable midterm federal rate – deductions vary based on income earned). After her lifetime, the remaining amount is used to support our mission.

Single

Rate %

65

5.1%

70

5.6%

75

6.2%

80

7.3%

85

8.3%

90

9.5%

Joint

Rate %

65/65

4.5%

70/70

5.0%

75/75

5.5%

80/80

6.2%

85/85

7.3%

90/90

9.1%

Planned giving is attractive to donors for many reasons. With a planned gift, donors can often give larger gifts than they thought possible and can:

receive a stream of income for life

often increase the yield they receive from their investments

benefit from a charitable income tax deduction

reduce or eliminate capital gains taxes or estate taxes

The benefits of planned giving provide the charity-minded donor with reasons to act sooner rather than later. We look forward to assisting you with your gift planning needs.

To learn more about this or other ways to support New Ulm Medical Center Foundation, please contact Missy Dreckman at 507-217-5188 or Melissa.Dreckman@Allina.com.